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What the bond interest expense for the current year

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Question - On January 1 of the current year, Barton Corporation issued 11%, 5-year bonds with a face value of $108,000. The bonds are sold for $102,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. What the bond interest expense for the current year ended December 31?

a. $12,960

b. $13,500

c. $540

d. $5,940

Reference no: EM133052443

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